VOL. XXXIX No. 51 16 September 1996OIL PRICES

OPEC Basket Price Rises 65 Cents/B In August To $19.94/B The average spot price for the OPEC basket of seven crudes averaged $19.94/B in August, up 65 cents/B from the July average of $19.29/B, according to figures released by the OPEC Secretariat. The August average is $1.06/B below OPEC's minimum reference price of $21/B and $3.08/B above the 1995 basket average of $16.86/B. The August basket average is 68 cents/B higher than the second...